DFX Intelligence
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Borrower
S•• E•••• B•••• L••
Softwaregroup grade Aon a schedule nowsponsor unattributed
Principal held
at least $28.0M
sum of BDC pieces, a lower bound
Fair value
$23.3M
91c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
2
1 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
May 9, 2028
$28.0M inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2026
Events
7
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien | at least $28.0M | 91c | 10.41% PIK 6.75% | May 9, 2028 | 2 |
| first lien revolver first lien exited Dec 31, 2023 | at least $0 | n/a | S+650 bp | May 9, 2028 | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••••• T•• C•••••• C•••• | term loan first lien First Lien Term Loan Ref SOFR(S) Floor 1.00% Spread 6.75% PIK Total Coupon 10.41% Maturity | $28.0M | $23.3M 91c | 10.41% PIK 6.75% |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2026 | 1 | $28.0M | $23.3M | 91c | 1 |
| Mar 31, 2026 | 1 | $27.5M | $22.9M | 84c | 0 |
| Dec 31, 2025 | 1 | $27.0M | $23.7M | 89c | 1 |
| Sep 30, 2025 | 1 | $26.5M | $26.5M | 101c | 1 |
| Jun 30, 2025 | 1 | $26.0M | $25.9M | 101c | 0 |
| Mar 31, 2025 | 1 | $25.5M | $25.4M | 101c | 1 |
| Dec 31, 2024 | 1 | $25.0M | $24.9M | 101c | 1 |
| Sep 30, 2024 | 1 | $24.4M | $24.3M | 101c | 1 |
| Jun 30, 2024 | 1 | $23.9M | $23.8M | 101c | 1 |
| Mar 31, 2024 | 1 | $23.4M | $23.2M | 102c | 1 |
| Dec 31, 2023 | 2 | $22.8M | $22.7M | 101c | 2 |
| Sep 30, 2023 | 2 | $22.5M | $22.4M | 101c | 2 |
| Jun 30, 2023 | 2 | $21.9M | $21.7M | 101c | 2 |
| Mar 31, 2023 | 2 | $21.4M | $21.2M | 101c | 2 |
| Dec 31, 2022 | 2 | $32.3M | $31.3M | 99c | 4 |
What changed
- Maturity approachingMay 9, 2028
- PIK interest appearsJun 30, 2026
- Mark recoveredJun 30, 2026
- PIK interest appearsJun 30, 2026
- Marked down across lendersDec 31, 2025
- Marked down (one lender)Dec 31, 2025
- PIK interest appearsSep 30, 2025
- PIK interest appearsSep 30, 2025
- Facility left every BDC scheduleDec 31, 2023
- New borrower on a BDC scheduleDec 31, 2022
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- SEP EIGERderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Softwarereportedas one filer wrote it